New apartments rise in East Hollywood.

New York-based real estate investment firm Six Peak Capital has broken ground on a multifamily residential development in the East Hollywood community.

The project, located at the southeast corner of Melrose and Oxford Avenues, calls for the construction of a seven-story building containing 42 apartments above a 28-car garage. Approved plans allow for a mix of studio, three-, four-, and five-bedroom dwellings - including five reserved as affordable housing at the extremely low-income level.